RE/MAX Holdings, Inc. (NYSE:RMAX) Given Average Rating of "Reduce" by Brokerages

Shares of RE/MAX Holdings, Inc. (NYSE:RMAX - Get Free Report) have been given an average rating of "Reduce" by the five analysts that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $11.90.

Several equities research analysts recently weighed in on RMAX shares. Stephens increased their price target on RE/MAX from $9.00 to $10.50 and gave the stock an "equal weight" rating in a report on Monday, August 12th. StockNews.com raised RE/MAX from a "hold" rating to a "buy" rating in a report on Tuesday, September 10th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets raised its stake in RE/MAX by 114.2% in the 1st quarter. BNP Paribas Financial Markets now owns 36,368 shares of the financial services provider's stock valued at $319,000 after purchasing an additional 19,393 shares during the last quarter. Patron Partners LLC acquired a new position in shares of RE/MAX during the 1st quarter valued at about $93,000. Empowered Funds LLC increased its stake in shares of RE/MAX by 7.9% during the 1st quarter. Empowered Funds LLC now owns 50,524 shares of the financial services provider's stock valued at $443,000 after acquiring an additional 3,687 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of RE/MAX by 12.7% during the 1st quarter. SG Americas Securities LLC now owns 12,992 shares of the financial services provider's stock valued at $114,000 after acquiring an additional 1,469 shares during the last quarter. Finally, Magnolia Group LLC increased its stake in shares of RE/MAX by 1.8% during the 1st quarter. Magnolia Group LLC now owns 3,037,843 shares of the financial services provider's stock valued at $26,642,000 after acquiring an additional 54,000 shares during the last quarter. Institutional investors and hedge funds own 93.17% of the company's stock.

RE/MAX Stock Down 0.8 %

RE/MAX stock traded down $0.10 during mid-day trading on Friday, hitting $11.85. The company had a trading volume of 225,206 shares, compared to its average volume of 268,985. The stock has a market cap of $223.49 million, a price-to-earnings ratio of -3.06 and a beta of 1.36. RE/MAX has a 1 year low of $6.94 and a 1 year high of $13.70. The business has a fifty day moving average of $11.84 and a 200 day moving average of $9.65.

RE/MAX (NYSE:RMAX - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.22 by $0.11. The company had revenue of $78.45 million for the quarter, compared to analyst estimates of $78.16 million. RE/MAX had a negative net margin of 22.26% and a negative return on equity of 35.12%. Equities analysts anticipate that RE/MAX will post 0.85 earnings per share for the current year.

About RE/MAX

RE/MAX Holdings, Inc operates as a franchisor of real estate brokerage services in the United States, Canada, and internationally. It operates through Real Estate, Mortgage, and Marketing Funds segments. The company offers real estate brokerage franchising services under the RE/MAX brand; mortgage brokerage services to real estate brokers, real estate professionals, mortgage professionals, and other investors under the Motto Mortgage brand; and mortgage loan processing software and services under the wemlo brand.